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DBEF vs HEFA: Differences, Returns & Fees

DBEF and HEFA hold 0% of their weight in the same names, and HEFA returned +19.3% over the year. Net assets on Oct 9, 2026: $9.2bn for Xtrackers MSCI EAFE Hedged Equity ETF and $7.5bn for iShares Currency Hedged MSCI EAFE ETF.

Both cost 0.35% a year; their one-year returns differ by 0.8 points; DBEF is 1.2 times larger.

Points (pts) are percentage points.

DBEFHEFA
Expense ratio0.35%0.35%
Net assets$9.2bn$7.5bn
Total return, 1 year+18.5%+19.3%
What it tracksMSCI EAFE US Dollar Hedged Indexnot read by ETFIQ
Holdings in common0%
Top ten holdings, share of the fund13.3%100.0%
Below its high3.1%, high on Aug 13, 20263.2%, high on Aug 13, 2026

Holdings in common uses holdings dated May 29, 2026 and Oct 9, 2026.

+18.5%
DBEF total return, 1 year
+19.3%
HEFA total return, 1 year
0.35%
DBEF expense ratio
0.35%
HEFA expense ratio

What they hold in common

By the books each fund has filed, DBEF and HEFA hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 29, 2026 and Oct 9, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding DBEF HEFA
Only in DBEF
ASML HOLDING NV 2.82%
HSBC HOLDINGS PLC 1.45%
ROCHE HOLDING AG 1.33%
ASTRAZENECA PLC 1.26%
NOVARTIS AG 1.24%
NESTLE' SA/AG 1.18%
SHELL PLC 1.06%
SIEMENS AG 1.05%
Only in HEFA
ISHARES MSCI EAFE ETF 99.10%
EUR/USD 0.52%
JPY/USD 0.26%
GBP/USD 0.07%
DKK/USD 0.02%
JPY/USD 0.01%
SEK/USD 0.01%
SGD/USD 0.01%

Check overlap with more funds →

On the same fields

DBEF
Xtrackers MSCI EAFE Hedged Equity ETF
HEFA
iShares Currency Hedged MSCI EAFE ETF
Where it sits Stock ETF Stock ETF
Issuer Xtrackers iShares
What it is Tracks an index Tracks an index
Total return, 1 year +18.5% +19.3%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 +1.3 pts +2.0 pts
Expense ratio 0.35% 0.35%
Already in the S&P 500 0.0% 0.0%
Holdings 677 97
Net assets $9.2bn $7.5bn

DBEF and HEFA on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

DBEF in plain words

DBEF tracks an index. Over the year to Oct 9, 2026 it returned +18.5% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.35% a year. By its holdings filed for May 29, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 677 positions, with the top ten at 13.3%. It sat 3.1% below its high of Aug 13, 2026 on Oct 9, 2026.

HEFA in plain words

HEFA tracks an index. Over the year to Oct 9, 2026 it returned +19.3% with distributions reinvested, against +17.3% for the S&P 500. By its holdings published by its issuer for Oct 9, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 97 positions, with the top ten at 100.0%. It sat 3.2% below its high of Aug 13, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, DBEF or HEFA?
In the year to Oct 9, 2026, with distributions reinvested, DBEF returned +18.5% and HEFA +19.3%.
Which is cheaper, DBEF or HEFA?
Neither: DBEF and HEFA both charge 0.35% a year. Fees come from each fund's prospectus.
How much do DBEF and HEFA overlap with the S&P 500?
By their latest filed holdings, 0% of DBEF and 0% of HEFA by weight is stocks the S&P 500 already holds.
Other comparisons
DBEF vs VXUSDBEF vs IEFADBEF vs VEADBEF vs VSGXHEFA vs VXUSHEFA vs IEFAHEFA vs VEAHEFA vs VIGI
DBEF on its own →HEFA on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
DBEF filings on SEC EDGAR ↗DBEF prospectus with the expense ratio (SEC) ↗Xtrackers website ↗HEFA filings on SEC EDGAR ↗HEFA prospectus with the expense ratio (SEC) ↗iShares page for HEFA ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, DBEF against HEFA, data as of Oct 9, 2026. https://etfiq.com/compare/any/dbef-vs-hefa

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.